S&P Global Ratings Appoints Yann Le Pallec as Next President

Core Viewpoint - S&P Global Ratings has appointed Yann Le Pallec as the new President, effective November 1, 2024, succeeding Martina L. Cheung, who will become President and CEO of S&P Global [1][10]. Group 1: Leadership Transition - Yann Le Pallec has been with S&P Global Ratings since 1999, holding various roles that have built his expertise in credit markets and change management [2][7]. - He currently leads a team of over 2,200 analysts and support staff across 28 countries, managing more than one million ratings on entities and securities [2][5]. - Martina L. Cheung expressed confidence in Le Pallec's ability to maintain the analytical integrity and excellence of the ratings business [3]. Group 2: Background of Yann Le Pallec - Le Pallec has held diverse responsibilities, including Head of Global Corporate Ratings, overseeing 500 analysts analyzing over 4,000 non-financial corporations globally [7]. - He has also managed S&P's credit ratings business in EMEA, leading a team of over 900 analysts [7]. - Prior to joining S&P Global Ratings, he was a Senior Manager at the Paris-based audit firm Salustro Reydel [8]. Group 3: About S&P Global Ratings - S&P Global Ratings is the world's leading provider of independent credit risk research, publishing over one million credit ratings on various entities [15]. - The organization has over 1,600 credit analysts in 27 countries and has more than 150 years of experience in assessing credit risk [15].